Figures from analytics firm Kpler suggest that close to 48 million...
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Jitters over AI spending set to grow as US tech giants flood bond market
Since September, public bond issuance by four of the major cloud...
UN climate deal increases money to countries hit by climate change, but no explicit fossil fuel plan
“I cannot pretend that COP30 has delivered everything that is...
FBI and European partners seize major malware network in blow to global cybercrime
“Nearly every sector of the economy has been victimized by Qakbot,” Martin Estrada, the U.S. attorney in Los Angeles, said Tuesday in announcing the takedown. He said the criminal network had facilitated about 40 ransomware attacks alone over 18 months that...
Judge allows age-discrimination lawsuit against Elon Musk’s X to proceed
Elon Musk Illston ruled that the federal law banning workplace age bias allows plaintiffs to bring so-called “disparate impact” claims in a class action, an issue that has divided courts. A California federal judge has refused to dismiss a lawsuit accusing X, the...
Yale University settles lawsuit alleging it pressured students with mental health issues to withdraw
Under the agreement, Yale will modify its policies regarding medical leaves of absence, including streamlining the reinstatement process for students who return to campus. Yale University and a student group announced Friday that they’ve reached a settlement in a...
US Indian national pleads guilty to defrauding telephone providers insurance firms of millions of dollars
According to documents, from June 2013 through June 2019, Bhavsar was involved in a widespread scheme to defraud cellular telephone providers and insurance companies using the US Postal Service mail system, as well as other third-party mail carriers Washington: An...
El Nino likely to develop between Sept and Nov, Australian weather bureau says
“Sea surface temperatures (SSTs) in the tropical Pacific are exceeding El Niño thresholds and have continued to warm slightly over the last fortnight,” the bureau said in a statement on its website.Climate models indicate further warming of the central to eastern...
All assembly lines at Toyota’s auto plants in Japan shut down by computer problems
The automaker doesn’t believe the problem was caused by a cyberattack but the cause is still under investigation, said spokeswoman Sawako Takeda TOKYO: All 28 vehicle assembly lines at Toyota’s 14 auto plants in Japan shut down Tuesday over a problem in its computer...
Viasat Inc’s $1 bn orbiting satellites risks upending space insurance
Viasat’s troubles in orbit come a few years after big-name insurers like American International Group Inc. and Allianz SE have shuttered their space portfolios. That’s left a smaller pool of providers to absorb the risks in the notoriously high-stakes $553 million...
US business lobbyists struggle to soften new SEC rules on quick disclosure of cybersecurity breaches
Under the rules, publicly traded companies will later this year have to start disclosing cyber incidents within four business days of determining they are material to shareholders Companies will only rarely be able to delay making an incident public due to national...
China regulator met with foreign investors to alleviate concerns
The meeting comes as Beijing scrambles to shore up investor confidence in the market, which has been hobbled by a deepening property sector crisis and weakening growth in the world’s second-largest economy China’s securities regulator met with representatives from top...
Tesla investors to get $12,000 each from Musk’s SEC deal
The US Securities and Exchange Commission aims to pay the investors the $40 million plus interest that Tesla’s chief executive officer and the company agreed to as civil penalties to settle a lawsuit by the regulator Investors had incurred losses from Elon Musk’s...